Home Videos Photos Shop
PerezHilton CocoPerez Khloe K. Selena G. Kim K. T. Swift PerezTV

Lisa Marie Presley Isn't Just Broke — She's Millions In Debt!

| Filed under: Legal MattersSad SadLisa Marie PresleyBusiness BlitzTax Troubs

no title

We'd heard Lisa Marie Presley had lost quite a bit of her inheritance — but this is so much worse than we thought!

After selling 85% of her interest in the Elvis Presley estate, she was flush — until, as she says, her former business manager, Barry Siegel, blew $100 million on bad investments. (He says she spent it all.)

Video: Zac Efron Has An Amazing Michael Jackson Story

But according to the latest documents in her divorce from Michael Lockwood, obtained by TMZ, Lisa Marie is actually $16 million in debt!

Apparently the bulk of that is $10 million in unpaid taxes — hope that doesn't get her into more trouble down the line — and a $6 million mortgage she defaulted on. The rest is credit card debt and attorney fees.

The revelation is in response to Lockwood's demand for her to pay his legal fees. Something tells us that isn't happening.

[Image via FayesVision/WENN.]

Tags: , , , ,

Celebrities Who've Opened Up About Miscarriage
The Teen Mom Franchise: A Mugshot Collection!
Too Many Trump Scandals To Follow? Get The Breakdowns HERE!
Biggest Teen Mom Scandals!
Tearjerker Cinema: The Saddest Movies Of All Time!
Kim Cattrall Vs. Sarah Jessica Parker: A Timeline Of The Feud -- Rumors & Fact!